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Dec 3, 2012
12/12
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the chief says it is necessary after a failure of a partial tax hike to fund the district. they are looking at closing four to save $3 million. san jose's police chief says he will decide, before he leaves office next month, to allow expanded gaming at the casino card club. the owners want to open more tables on the 8th floor. the 15 million facility. the owners are suing the city for holding up permits to open up the club earlier this year. >> the the supreme court could announce tomorrow if it will hear appeals on several cases involved same sex marriage. one is an appeal from the defenders of proposition 8. the initiative banning gay marriage that has been struck down in lower courts. in the invests decide to let the rulings of the lower court stand same sex marriage will be legal in california. >>> five challenges to the defense -- five challenges of the defensive marriage act are being challenged. >>> no sign of a compromise on the taxes. the treasure secretary's latest threat. >> reporter: with the clock ticking in washington in the fiscal cliff looming closer by the
the chief says it is necessary after a failure of a partial tax hike to fund the district. they are looking at closing four to save $3 million. san jose's police chief says he will decide, before he leaves office next month, to allow expanded gaming at the casino card club. the owners want to open more tables on the 8th floor. the 15 million facility. the owners are suing the city for holding up permits to open up the club earlier this year. >> the the supreme court could announce...
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Dec 9, 2012
12/12
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KRON
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in october, a milan court sentenced berlusconi to four years in prison for tax evasion. he faces trial on charges that he hired an underage prostitute and then tried to use his political connections to get her out of jail when she was accused of theft. >> still ahead. three stockton women demanding an apology. after finding an offensive remark on their dinner check. >> and the creepy crawly discovery in books at a library in washington state. >> three friends out to eat at the cameo club casino in stockton were shocked when they got their bill. and saw the word "fat girls". written on the recipt. immediately the women brought the check up to a manager. the manager tried to remedy the situation by offering them 50 percent off. but they say that isn't enough. >> i still cannot believe it, it was just over and over again. that is something that we cannot change. >> the man responsible for the words winding up on the check. was already off work by the time the womennow he is suspended while the casino reviews the incident. >> conventional wisdom says that bed bugs are found
in october, a milan court sentenced berlusconi to four years in prison for tax evasion. he faces trial on charges that he hired an underage prostitute and then tried to use his political connections to get her out of jail when she was accused of theft. >> still ahead. three stockton women demanding an apology. after finding an offensive remark on their dinner check. >> and the creepy crawly discovery in books at a library in washington state. >> three friends out to eat at the...
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taxes were really down 213%. a portion due to corporate tax refunds going out last month. sales taxes areo;m(u better than expected. controller warned california must be disciplined. >> the government's monthly jobs report better than expected last month, showing the economy added 146,000 new jobs in november. bringing unemployment rate to 7.7 prgs, that is lowest in four years. california farmers want to hire more, but can't knlt. a report shows 61% reported having a shortage of workers on the farm. waits worse for farmer growsing labor intensive crops like vegetables and crop crops -- grapes. 71% said they're short on employees. the pew report says the number of unauthorized immigrants commonly known to worng farms remained constant over three years. >> pilots at american airlines approved a new labor contract. the union addressed -- announced results today saying 74% of the pilots voted to ratify the contract. pilots will pay pay raises and own 13% of the parent company, likely clearing the way with a merger with u.s. airway autos san francisco school officials invited
taxes were really down 213%. a portion due to corporate tax refunds going out last month. sales taxes areo;m(u better than expected. controller warned california must be disciplined. >> the government's monthly jobs report better than expected last month, showing the economy added 146,000 new jobs in november. bringing unemployment rate to 7.7 prgs, that is lowest in four years. california farmers want to hire more, but can't knlt. a report shows 61% reported having a shortage of workers...
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Dec 3, 2012
12/12
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treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, p
treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a...
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Dec 8, 2012
12/12
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to >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after election to put revenues on the tame to take a step toward the president to try to resolve this. ,,,,,, ,,,,,, >>> you made it. it is weekend time, and i can vouch for both weather and traffic. weather thumbs up. traffic, thumb's down. here is a live look outside. we have mainly clear skies and mainly congested roads. beautiful weather, though. also in the south bay we're looking good. we are cooling down quickly. many of you will be in the upper 30s by tomorrow morning. concord you will be one of those spots down to 51. san jose, 56 degrees. ground clutter being picked up by our radar. there was no rainfall for 400 miles from san francisco. the south bay is looking great. sunnyvale, looking graph maybe you're going skiing. that is something you couldn't do last year because of our snow pack. this year is so much better. 87 from normal is our snow pack. now let's talk about the reason your furnace will be turning over several time
to >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after election to put revenues on the tame to take a step toward the president to try to resolve this. ,,,,,, ,,,,,, >>> you made it. it is weekend time, and i can vouch for both weather and traffic. weather thumbs up. traffic, thumb's down. here is a live look outside. we have mainly clear skies and mainly congested...
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Dec 5, 2012
12/12
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failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in other headlines around the bay, a proposal to buy a drone from the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for final approval. >>> san francisco police hauled a load of marijuana and pot growing equipment out of the house that burned in the haight- ashbury neighborhood. it took firefighters an hour to put the fire out on page street. several residents were displaced but no one wa
failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in...
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Dec 3, 2012
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how do you tax the product that is made. if force engines are made somewhere else where do the taxes go. >> now that will pay more and they do not want to of set politicians. the investors used is to reward the company will more shares. coffee consumption has declined. and they just bought a new company. they drop the name coffee from their sign for obvious reasons. >> 6:52 a.m.. >> and this look is coming from the bay bridge approach. the traffic is backing up. >> coming up on dr. feel at 10:00, right here on kron 4. online dating can be tricky. is the person you falling 4 and shared your deepest secrets what really who they say they are? >> doctor feels gas said they fell victim to a cat fish-a person who creates a false ids only in an ad in the hopes of luring people into romantic relationships. [ male announcer ] steak combos. featured now at sizzler. tri tip sirloin with fried shrimp, malibu chicken, or grilled shrimp. starting at just $9.99. sizzler. >> we're back at 6:56 a.m.. >> take a look at this footage. what you
how do you tax the product that is made. if force engines are made somewhere else where do the taxes go. >> now that will pay more and they do not want to of set politicians. the investors used is to reward the company will more shares. coffee consumption has declined. and they just bought a new company. they drop the name coffee from their sign for obvious reasons. >> 6:52 a.m.. >> and this look is coming from the bay bridge approach. the traffic is backing up. >>...
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Dec 7, 2012
12/12
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first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federation of government employees say they can't afford anymore cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed
first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to...
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Dec 6, 2012
12/12
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the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are getting ripped off. it's not fair. we work really hard for our money? >> but a source in the legislature says the state actually got more money when it sold the cars because of the work done on them. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies h
the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are...
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Dec 10, 2012
12/12
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they have until january 1st to extend the bush-era tax cuts. americans will see massive cuts to social spending. they didn't comment on the meeting today but other republicans are considering a raise in taxes for the wealthiest americans if it will help get a deal done. >> we have spun ourselves into a hole and we're not going to borrow money and get out of it. will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> here is what cuts could come if a deal isn't made in time. military budget would be cut by $500 billion over ten years. schools could be cut. some ideas to avoid the cliff is eliminating the tax deduction for charitable contributions and not allowing homeowners to write off mortgaged payments. >> gas prices are dropping. national average for a gallon is 3.34. in california it's 3.63. in the bay area the average is 3.71 a gallon. >> snow has blanketed the midwest. it's made for severe driving conditions. >> difficult driving conditions and blinding snow. winter travel advisories. 89-15 inches of snow
they have until january 1st to extend the bush-era tax cuts. americans will see massive cuts to social spending. they didn't comment on the meeting today but other republicans are considering a raise in taxes for the wealthiest americans if it will help get a deal done. >> we have spun ourselves into a hole and we're not going to borrow money and get out of it. will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> here is what cuts could come if a...
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how democrats new super majority could impact big issues like taxes you pay. also a despite over the shooting of oscar grant and bart police officers given immune ti after the death z a victory that sets up a conflict between land lords and u.s. justice department. those stories and more coming up at 6:00. >> thank you. see you shortly. >> world news is coming up next. i'm cheryl jennings. >> from sandhya patel, all of us, we'll see you again in afl hahn hour. >>> this is "world news." tonight, royal baby. the world's most famous bride, kate middleton, is pregnant but rushed to the hospital. two days ago it was a secret, but she seemed fine, so what happened? tonight at the palace, jubilation and concern. >>> early warning. the flu has arrived. the earliest season in a decade. an alert tonight about how to
how democrats new super majority could impact big issues like taxes you pay. also a despite over the shooting of oscar grant and bart police officers given immune ti after the death z a victory that sets up a conflict between land lords and u.s. justice department. those stories and more coming up at 6:00. >> thank you. see you shortly. >> world news is coming up next. i'm cheryl jennings. >> from sandhya patel, all of us, we'll see you again in afl hahn hour. >>>...
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Dec 4, 2012
12/12
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KPIX
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it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the nasdaq was down 8, s&p down 7. >>> the storms that blew through the bay area brought down many trees and that's meant a hard lesson for homeowners who were cleaning up today. cbs 5 consumerwatch reporter julie watts explains your insurance doesn't always cover fallen trees. julie. >> reporter: something many are likely learning following this weekend's storm. we received photos from across the bay area of downed trees on homes and cars, and they provide a clear example of what's covered and what's not. this one from san mateo is a good example of what's covered. home
it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the...
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we're 24 days from tax increases for everyone and big, painful federal budget cuts, unless president obama and house speaker john boehner can strike a deal. we'll have the latest on the battle of wills in washington. >> the president is out this morning with a not-so-conciliatory note. we'll get the latest from david kerley coming up. >>> check this out. why all new cars may soon be spying on their drivers and making it tough for you to cover your tracks. >>> we're going to start, though, with what should have been a joyous week for the royal family. but news of kate's pregnancy was very quickly overshadowed by her hospitalization for morning sickness, a prank call that duped two of her nurses, and then, the suspected suicide of one of those nurses. this morning, the boss of the two australian deejays behind this prank is now speaking out. and abc's jeffrey kofman is in london on the story. jeffrey, good morning to you, sir. >> reporter: and good morning to you, dan. an outpouring of indignation, that is what we are seeing around the world as news of this story spreads. and nowhere i
we're 24 days from tax increases for everyone and big, painful federal budget cuts, unless president obama and house speaker john boehner can strike a deal. we'll have the latest on the battle of wills in washington. >> the president is out this morning with a not-so-conciliatory note. we'll get the latest from david kerley coming up. >>> check this out. why all new cars may soon be spying on their drivers and making it tough for you to cover your tracks. >>> we're going...
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Dec 8, 2012
12/12
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on the wealthly and a middle class tax cut. this is the 4th time that he has used the weekly address to push for a middle class tax cut. >> we must reform the tax code by getting rid of unjustified loopholes but the goal should be to generate new revenue by creating new taxpayers not new taxes. >> in the republican response they commented that race raising taxes among the rich won't solve the problem. only economic growth and reforming titlement programs can control the debt. >> charlie chris is now a democrat. he made the announcement on twitter. he posted a photograph where he was holding a florida voter registration application. the times reports that the former republican signed papers to change his party to democrat at a christmas reception at the white house. >> the president is asking congress for more than $60 billion to help with sandy recovery efforts. he made the request friday on behalf of the state's hardest hit by the october storm. in a joint statement the new york governor and new jersey governor said the money
on the wealthly and a middle class tax cut. this is the 4th time that he has used the weekly address to push for a middle class tax cut. >> we must reform the tax code by getting rid of unjustified loopholes but the goal should be to generate new revenue by creating new taxpayers not new taxes. >> in the republican response they commented that race raising taxes among the rich won't solve the problem. only economic growth and reforming titlement programs can control the debt....
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a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mostly to public education. he thinks$c]b californians wano trade short term economic growth for an investment in kids. >> we would been looking at shortening the school day, more kids out on the streets. you know? higher levels of droppouts and things like that. that is exactly what the voters didn't want to see. >> still for job seekers to see slow downs
a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then...
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taxes back to the pre-bush rates. he gets all tax increases and can blame the ones not popular on republicans for not negotiating. he gets something he'll never get, never get in a negotiation. if you look at the spending cuts, half out of defense, half out of domestic. defense makes up 16% of the budget. the rest is domestic. there's no way that you're going to have any kind of budget deal that's negotiated that's going to take as much as r out of defense. >> you think he has leverage because he can say go over the cliff. >> he wants the defense cuts. he gets all of the defense cuts, more than he would get in a negotiation and all of tax increases, including the money from the unpopular ones. he wants the money because he wants more spending -- wants to be able to spend more. and he gets really a fairly small down payment on domestic discretionary cuts, half a trillion dollars is a drop in the bucket of what we have to do. he gets two things he wants. >> one of things he's going to be facing in the second term is a m
taxes back to the pre-bush rates. he gets all tax increases and can blame the ones not popular on republicans for not negotiating. he gets something he'll never get, never get in a negotiation. if you look at the spending cuts, half out of defense, half out of domestic. defense makes up 16% of the budget. the rest is domestic. there's no way that you're going to have any kind of budget deal that's negotiated that's going to take as much as r out of defense. >> you think he has leverage...
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two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in deliberative manner liening to you constituents. that is the key.
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what...
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Dec 8, 2012
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wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deduction for chair writ bel
wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food...
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this afternoon, house speaker spent the president a letter outlining $800 billion through tax reform. but the cuts remain in place. the plan calls for $600 billion in savings from health sources, $300 billion in additional mandatory savings. sound vague to you? abc 7 political analyst says that is part of the game. >> every time you make cuts at this point, you're affecting some constit twensys going to get mad at you. >> the president is asking for $1.6 trillion in new revenue over next 10 years mostly from the rich. speaker boehner offering half of that amount through his tax reforms and if they can't find an agreement it means on january 1 nearly every american will pay more income tax, between 2000 and $2400 for average families. san francisco cafe distill, the owner says we can pay that. if his employees have to pay, that would hurt. >> $2400 makes a big difference for employees making between 15s skpdz $20 an hour in the city. >> during a photo op this afternoon, the president ignored questions about the offer. but in a statement white house is rejecting the plan as nothing new.
this afternoon, house speaker spent the president a letter outlining $800 billion through tax reform. but the cuts remain in place. the plan calls for $600 billion in savings from health sources, $300 billion in additional mandatory savings. sound vague to you? abc 7 political analyst says that is part of the game. >> every time you make cuts at this point, you're affecting some constit twensys going to get mad at you. >> the president is asking for $1.6 trillion in new revenue over...
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Dec 10, 2012
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more republicans are accepting the idea that wealthy americans will get a tax rate hike. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. >> reporter: republicans in the house remain opposed to raising taxes on the top 2%. >> the president wants the rate to go up. that doesn't solve the problem. we don't want to be b back here answering the same questions. >> reporter: the deadline is closer than you think. many here on capitol hill say the president and the house speaker need to make a deal by the end of the week in order for congress to vote on the bill. >> hopefully it doesn't go to the last day. >> reporter: president obama has asked congress to work through their holiday break if no deal is reached before then. >> both the white house and speaker baner's a office say the line's of communication remain open. the the president will speak to workers at an engine plant near detroit. >>> you may have a little bit more money for the holidays due to gas prices going down. the av
more republicans are accepting the idea that wealthy americans will get a tax rate hike. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. >> reporter: republicans in the house remain opposed to raising taxes on the top 2%. >> the president wants the rate to go up. that doesn't solve the problem. we don't want to be b back here answering the same questions. >>...
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. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are sending the message to lawmakers those cuts would damage the military industry and weaken national security. the ceo of task, a company that develops aviation systems and software for intelligence agencies: >> over 50% of the defense budget is procuring services and services are underscored by jobs. so of course there will be job loss if you have cuts. >> reporter: the cliff hits at the end of the
. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer...
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Dec 9, 2012
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the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff and then more fighting next year over spending. >> will republicans accept a 38% tax rate for the wealthy? and will democrats accept reductions in entitlement spending? >> that's a good question. corker would accept 37% but he speaks for a few senators. he doesn't speak for the house republican majority and john boehner though it seems to be moving that direction. i'm not sure the president would accept 37% because i'm not sure he gets enough money. you need enough money, whether there's some -- yes, partial increase i
the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff...
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Dec 10, 2012
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they are trying to find a deficit cutting deal to stop the creation of automatic tax increases and scheduled cuts scheduled to begin at the beginning of the year. >>> same-sex couples tied the knot in washington state today. . [ applause ] voters legalized it last month. today, it was the first day marriage ceremonies could be performed. about 140 couples registered to get married this morning. courthouses in some cities began performing ceremonies at midnight. washington, maine and maryland are the first states to approve same-sex marriage by popular vote. they joined six other states where it is already legal. >>> washington state man is taking advantage of a newly legitimate practice much he's opening the first marijuana smoke shop. the owner says the opportunity couldn't have come at a better time. >> the way the economy is right now, i could lose it at any moment. i have no customers. to bring in another type of person to come dm my establish -- to come in my establishment. >> and frankie calls this place a private club and charges the $10 fee to smoke to get around the state ban on smo
they are trying to find a deficit cutting deal to stop the creation of automatic tax increases and scheduled cuts scheduled to begin at the beginning of the year. >>> same-sex couples tied the knot in washington state today. . [ applause ] voters legalized it last month. today, it was the first day marriage ceremonies could be performed. about 140 couples registered to get married this morning. courthouses in some cities began performing ceremonies at midnight. washington, maine and...
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Dec 4, 2012
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taxes. state senator proposal asked voters to allow logical communities to raise taxes for schools with 55 percent of the voychlt allowing a third of the state to or local area to veto what two-thirds wants i believe is really democracy and really proven to be as too difficult hurdle. >>reporter: assemblyman and several co-sponsors reintroduced the trust act banning local law enforce frment turning over illegal im grnts to the feds for possible deportation if the crime is relatively minor. >> we must make sure that secure community focus on violence and harden criminals. not on day labor workers. not on domestic workers. >>reporter: republicans will have little say. >> our role will be hopefully partner with the press. shine a light on what is going on in the government. >>reporter: democrat believe california voters gave them a mandate to get things done. >> i think the biggest danger we would move too consciously and not address the problem california has been facing. california voters hav
taxes. state senator proposal asked voters to allow logical communities to raise taxes for schools with 55 percent of the voychlt allowing a third of the state to or local area to veto what two-thirds wants i believe is really democracy and really proven to be as too difficult hurdle. >>reporter: assemblyman and several co-sponsors reintroduced the trust act banning local law enforce frment turning over illegal im grnts to the feds for possible deportation if the crime is relatively...
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Dec 4, 2012
12/12
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democrats can raise taxes and more without republican votes. >> this historic super majority and we intend to use it purposely, with purpose, with humility. and with great strength. >> reporter: democrats haven't outlined an agenda but he is proposing a bold change to the proposition 13, to make it easier for voters to raise their own property taxes. >> it allows voters to be able to reinvest in a very under funded educational system. >> more details now. 7 of the 38 represent the bay area. all but one are democrats. jerry hill is leaving his seat to become a state senator. he will over see district 13. >>> the founder of mcafee said he left belize. a reporter spoke to john mcafee and asked him if the accusations are true, that he killed his neighborhood. >> reporter: did you kill him -- killed his neighbor? >> reporter: did you kill him? >> why did would i kill him? >> reporter: do you believe this is a vendetta to take you down and kill you? >> absolutely, sir. >> police say he is not a suspect, they just want to talk to him to get answers in their investigation. >>> apple says it is on
democrats can raise taxes and more without republican votes. >> this historic super majority and we intend to use it purposely, with purpose, with humility. and with great strength. >> reporter: democrats haven't outlined an agenda but he is proposing a bold change to the proposition 13, to make it easier for voters to raise their own property taxes. >> it allows voters to be able to reinvest in a very under funded educational system. >> more details now. 7 of the 38...
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wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while youwill get au will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deduction for chair writ b
wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while youwill get au will get a deduction. for one charity in san francisco it seems people are doing a little of both. the...
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president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >> christmas and things of that nature probably off the table. >> reporter: aides met yesterday but no signs of progress. tahman bradley, abc7 news. >>> if you park at a bart station while riding the trains get ready for potential hike in fees by 50 cents twice a year at high volume lots. it would cap the increases to $3 a day. currently commuters shell out a dollar. west oakland costs five. bart makes 15 million dollars a year in parking fees, an increase could mean extra five million dollars annually. >>> muni offering riders a holiday gift, free rides only good on december 28th, the 100th anniversary of the agency. transportation officials say lost revenue
president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >> christmas and things of that nature...
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they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it will last, that's straight ahead. >> and there's another ♪ [ female announcer ] nature exists on the grandest scale... ♪ ...and in the tiniest details. ♪ and sometimes both. nature valley granola thins pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. nature at its most delicious. >> welcome back, everyone. thanks for getting up early and watching the abc sunday morning news. here's a live look at the golden gate bridge. today on either side of the span, the immediate side of the span, it will number the
they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it...
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Dec 5, 2012
12/12
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KRON
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republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically from berkeley up to the cartoonist bridge. george will let us know why and what is going (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news starts now. >> thanks for watching kron fours bay area news channel. here are the top stories we're following a man accused of kidnapping, we're following a man accused of kidnapping, beating, risk girl. authorities (car horn) wpaying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a
republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically...
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Dec 6, 2012
12/12
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state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a citizens commission ended program to save $5 million a year. some of the larger bills came from senator bob dunn gone. his chevy tahoe wracked up nearly $6000 in work. he says the car was nearly 100,000-miles. he bought it weeks later. new tires and a cooling system flush as part of a $2400 taxpayer bill before he bought the car. >> it's my money going to it. it's frustrating. >> sounds like we're getting ripped off. doesn't sound fair at all. we work really hard for our money. >> reporter: an unnamed source told me when lawmakers gave up their cars they got auction to dealers. lawmake
state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a...
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Dec 10, 2012
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KGO
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to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the military, and funding for schools well be cut 8.2%. some outside a void the cliff including eliminating the tax deduction for charitable donations and home owners will not be able to deduct their interest, and this area, nobe. north oakland, berkeley and emeryville. >> one business owner says the name nobe may be young and new and fresh but the old name is fine. residents would like this area to remain the golden gate district of north oakland. >> amelia has lived in the north oakland house for 30 years. >> this is a long-standing north oakland community being swallowed up by real estate agents. reporter: she does not like the idea th
to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the military, and funding for schools well be cut 8.2%. some outside a void...
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Dec 5, 2012
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the county's top fire official says the loss of property taxes and a failed tacts measure in november caused the district to burn through its cash reserves. he says now an already understaffed agency will have to do even more with less. >>> the holidays are prime time for crooks trying to pass counterfeit bills. the clues to look for if you suspect a fake. >> plus, the medical breakthrough making it easier for couples to conceive. >>> then iced out. dozens of hockey games lost. how local businesses are losing out in the nhl lockout. >> and remember, you can track the rain anytime with our live high-def doppler radar on our website, cbssf.com/weather. to reach a deal that would e this year's hockey season. ready done. >>> negotiations resumed today between nhl owners and players hoping to reach a deal to save the hockey season. but a lot of damage is done. cbs 5 reporter len ramirez in san jose with a look at how the lockout is costing the downtown businesses too. len. >>> reporter: here's an idea of how bad things got for business. you hardly ever hear the word free when it comes to p
the county's top fire official says the loss of property taxes and a failed tacts measure in november caused the district to burn through its cash reserves. he says now an already understaffed agency will have to do even more with less. >>> the holidays are prime time for crooks trying to pass counterfeit bills. the clues to look for if you suspect a fake. >> plus, the medical breakthrough making it easier for couples to conceive. >>> then iced out. dozens of hockey...
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Dec 3, 2012
12/12
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that allowed them to -- allows them to raise taxes. but leaders say they will avoid doing that considering voters just passed proposition 30. >>> one of the first orders of business for the state assembly will be to honor a bay area boy scout. ryan did all the work for his eagle scout award but the boy scout says he can't have the honor because he is gay. since then he's been a guest on several national television shows where he told his story. today state lawmakers will honor him for speaking out against intolerance. >>> 5:36. let's get everybody moving now. tara is back. there is a problem in berkeley. some sort of debris or something. the car is on the shoulder. just a heads up. let's take a live look at the bay bridge toll plaza. you can see traffic is flowing pretty well. milpitas those taillights no problems to report. 5:37 here is steve. >>> they're a thank you. a very good morning. we have a little rest we can take a look at the whopper rain totals. santa cruz mountains 15. mt. st. helena almost 13. san francisco 3.77. somebody
that allowed them to -- allows them to raise taxes. but leaders say they will avoid doing that considering voters just passed proposition 30. >>> one of the first orders of business for the state assembly will be to honor a bay area boy scout. ryan did all the work for his eagle scout award but the boy scout says he can't have the honor because he is gay. since then he's been a guest on several national television shows where he told his story. today state lawmakers will honor him for...
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Dec 6, 2012
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pobreza que estamos ahorita segun la agencia que recolecta los impuestos en el estado, el franchise tax board son 48 mil contribuyentes a quienes no les llegaron estos cheques de reembolsos en california...en el area de la bahia casi mil setecientos estan en el condado de santa clara, casi mil cuatrocientos en alameda, y aproximadamente otros dos mil entre san francisco, contra costa y san mateo. sera usted uno de ellos? no, me encantaria pero no soy una de ellas a lo mejor son mios y no me han encontrado sera usted uno de ellos? pues a lo mejor voy ver voy a chequear a ver si soy uno de ellos la agencia explico que los cheques son correspondencia de primera clase que no necesariament e puede ser reenviados por el correo cuando la gente se muda....y si usted cree ser uno de los duenos de estos cheques... lo mas facil es llamar o al mismo tiempo ir a la pagina de internet no mas tienen que poner su numero de seguro social comuniquese al franchise tax board al 1800-8525711 o vaya a su pagina de internet www.ftb.ca.gov ojala primero dios sea yo uno de ellos ahorita estamos mal economicamen
pobreza que estamos ahorita segun la agencia que recolecta los impuestos en el estado, el franchise tax board son 48 mil contribuyentes a quienes no les llegaron estos cheques de reembolsos en california...en el area de la bahia casi mil setecientos estan en el condado de santa clara, casi mil cuatrocientos en alameda, y aproximadamente otros dos mil entre san francisco, contra costa y san mateo. sera usted uno de ellos? no, me encantaria pero no soy una de ellas a lo mejor son mios y no me han...
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among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt directedat, yes, congress. me. >> your not going to negotiate over what is a fundamental responsibility congress, which is to pay the bills that congress cured. ithould beart of the dal. it should be done, and it should be done without trauma. lou: the president is not alone in demands for non negotiation of vat regions of the federal wastand. me ongressional democrats are also very spcific about hat they refuse to egotiate as well. for example, the conggessional black caucus nnounced that it is strony oppos
among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly...
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wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deduction for chair writ bel
wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food...
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Dec 7, 2012
12/12
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KRON
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starbucks will pay $60 million more in taxes and the united kingdom. the announcement comes in response to an out recent outcry in the u.k. that multinational companies are skirting taxes by shifting profits overseas divisions. the managing director of starbucks u.k. says they have always paid taxes to the letter of the law will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. the will and amazon have also been targeted as not paying their fair share and england. >> it is 6:11 a.m. and we'll be back in a couple of mess. minutes. you are just going to have to trust me, this is walnut creek. we will be right back. =dj local reservoirs' have seen a needed increase in water levels because of last weekend's storms. reserves and santa clara and proves it evidently with the rainfall. levels are still not exactly where they need to be though. since last wednesday the santa clara valley water district says average storage in their 10 reservoirs' increase from 74 to 91% where they should normally be. that is a
starbucks will pay $60 million more in taxes and the united kingdom. the announcement comes in response to an out recent outcry in the u.k. that multinational companies are skirting taxes by shifting profits overseas divisions. the managing director of starbucks u.k. says they have always paid taxes to the letter of the law will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. the will and amazon have also been targeted as not paying their...
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Dec 3, 2012
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i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game? what is their thinking as to how they are going to work their will? do they just figure they won, they are going to get what they want? >> i have no idea, chris. if i knew, i would share it with you but i don't think what they are thinking. >> do you think they are being bullies? >> i think they won the election, they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> and again, because you kind of didn't answ
i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game?...
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Dec 4, 2012
12/12
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the transportation sales tax and volunteers are needed. there are more people in favor of the measure monitoring the recount than opponents. he says it looks like the commission is trying to stack the deck and more volunteers who disagree with needed as observers as a counterbalance. it begins tomorrow and will continue on week days. >>> late today two men were charged in the death of a coast guardsman who was killed off the southern california coast. he was in a small inflatable boat that was rammed yesterday. he was thrown into the water by the impact and suffered a fatal head injury. today they talked about his dedication. >> he was a man of honor. i was proud to call him chief. we are in position to influence those who work with us and he influenced us to seek better ways of doing business. >> the coast guard stopped the boat and detained two suspects. >>> an investigation uncovered startling information about how the postal service is spending some of its funds. some money ended up being spent on hotels and casinos. >> reporter: endin
the transportation sales tax and volunteers are needed. there are more people in favor of the measure monitoring the recount than opponents. he says it looks like the commission is trying to stack the deck and more volunteers who disagree with needed as observers as a counterbalance. it begins tomorrow and will continue on week days. >>> late today two men were charged in the death of a coast guardsman who was killed off the southern california coast. he was in a small inflatable boat...
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Dec 9, 2012
12/12
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WUSA
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>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges of the income spectrum, okay? the top 2% is what he is talking about. there is something to that. i think whatever the program is, it seems to me we must do something about it. because otherwise if we have -- the debt ceiling is the critical issue. because if we get up there and we will get up there sometime between now and february, you could have another great collapse in terms of the confidence notice american dollar that. would be a huge, huge issue for the united states. so we must be in a position where it is not that we have authorized the spending of the money, we just don't have the money. we're running a deficit of $25 billion every we
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges...
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gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less revenues, more capitol flight from the united sta
gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is...
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bush era tax cuts must be extended for all americans. the stan stand -- stand off and the debt concerns ryan skenke. he's the guidancing with the cochair of the president's deficit commission alan simpson. the group is working to get young people involved in fixing the debt crisis. >> we're trying to connect with our generation in a different way. we're using humor to hook them in and get them to learn about this issue and understand how it effects their lives. >> they want to sign up more than 2 million people to put pressure on both sides. in washington danielle noting ham wjz eyewitness news. >> former senator allen simple -- simpson said the deal must include new revenue and spending cuts. he called it stupidity to speculate on which party has more to lose. >>> across the pond in london the duchess of cambridge was discharged from the hospital this morning. she is pregnant and was hospitalized because she's been experiencing acute morning sickness. she was smiling this morning. kate is now back home in the palace for some more rest a
bush era tax cuts must be extended for all americans. the stan stand -- stand off and the debt concerns ryan skenke. he's the guidancing with the cochair of the president's deficit commission alan simpson. the group is working to get young people involved in fixing the debt crisis. >> we're trying to connect with our generation in a different way. we're using humor to hook them in and get them to learn about this issue and understand how it effects their lives. >> they want to sign...
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Dec 5, 2012
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you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level. i think eliminating these loopholes does do what the president has been talking about, fairness. it gives shared burden which is what we want to do. we have said we're willing to increase revenue someone. we get there at a different route than the president but the president needs to put on what he is willing to do to reduce spending and he has not done that so far. >> jack kingston, thank you. financial markets are watching. on the other side there is another controversy with a major fallout. clerical workers have been on strike at the ports in
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level....
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$2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a night of glamour she strolled before photographers at last night's kennedy center honors she talked about efforts to resolve the impasse. >> this is not a night of politics and policy, but since you asked, yes we think it would be a wonderful christmas gift to the american people for the middle class to have a tax cut come january. >> pelosi says she will try to force a house vote on a senate passed bill to break the deadlock. >> the kennedy center on -- -- they received the nation's highest award. >>> let's look outside good morning. good news, it is dry this morning as we look down on some of the cloud
$2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a...
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. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>
. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't...